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penney. >> ron johnson is out at j.c. penney. who is next? who will be filling in? what's next for the company? and what is the trade? we'll have all those angles next on "fast money," stay tuned. egiving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. >> welcome back to >> welcome back to "fast money." breaking news in the after-hours session upon jcpenney ceo ron johnson is
penney. >> ron johnson is out at j.c. penney. who is next? who will be filling in? what's next for the company? and what is the trade? we'll have all those angles next on "fast money," stay tuned. egiving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's...
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Apr 9, 2013
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penney, ackman on the board there, the largest shareholder at j.c. penney right now. skechers was halted earlier today. it was halted for a good time, because kpmg -- out in l.a. is suspected in eighting in an insider trading scheme. that stock is down right now by about 10%. have investors lost confidence? you can say that again. we asked it about presidents, we're going to ask and answer today about j.c. penney. it begins right now with simon. >> thank you, tyler. the stock is down big today after the resignation, probably the sacking of ron johnson more accurate. scott wapner wrote the story last night. then plummeted when the company announced that the former ceo mike ullman would return to the hot seat. during that time the stock dropped 15%, but don't forget that almost everybody, all issues were down from 2007 to 2009. right now, you can see the stock trades at 14.19, a whopping loss on the day. since johnson took over the company, the stock is down. what must he do immediately to stabilize, to right the ship. >> but first to cnbc's retail reporter courtney rea
penney, ackman on the board there, the largest shareholder at j.c. penney right now. skechers was halted earlier today. it was halted for a good time, because kpmg -- out in l.a. is suspected in eighting in an insider trading scheme. that stock is down right now by about 10%. have investors lost confidence? you can say that again. we asked it about presidents, we're going to ask and answer today about j.c. penney. it begins right now with simon. >> thank you, tyler. the stock is down big...
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Apr 12, 2013
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today a judge ruled that j.c. penney is the winner for now. also noting that j.c. penney stock performance and business have been so costly that the judge considered the ruling and averse to j.c. penney's more collateral damage for the company. and if you take a look at the stock chart, you can see, j.c. penney's stock over the past year is down big time. in fact, it was down another and a half% despite is favorable ruling. the only winner as far as the stock chart is concerned and all of this is, in fact, macy's. macy's stock today also finishing up just a little bit. ashley: thank you very much. liz: yeoman's do the hour after hour. thank you. the victory was not the only headline. the company is in talks with blackstone, we knew that. there is a new name that is also emerging. the question is, is anyone's shocked that j.c. penney needs to boost its cash position? the company's cash balance was down 30% in february of last year. ashley: last night the talk was that it needed a billion. this morning that amount was dropped to 500 million. with us now, bt ig, direc
today a judge ruled that j.c. penney is the winner for now. also noting that j.c. penney stock performance and business have been so costly that the judge considered the ruling and averse to j.c. penney's more collateral damage for the company. and if you take a look at the stock chart, you can see, j.c. penney's stock over the past year is down big time. in fact, it was down another and a half% despite is favorable ruling. the only winner as far as the stock chart is concerned and all of this...
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Apr 9, 2013
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it's the second story, which is of course j.c. penney. ron johnson is out, the stock trading near a 12-year low. we are hitting both these stories big and hard throughout the next hour. let es start with story number one. kayla tausche, you've been digging in. >> kpmg first learned last friday a a senior partner had leaked confidentable information to a third party to two clients, her alive and skechers. the source said it was out within 24 hours, the clients notified yesterday. federal authorities are currently investigating the matter. the firm, a source says, believes the probe concerns the individual actions, not those of the firm. kpmg won't identify the individual, but it has categorizesed him or her as a bad apple, saying in the statement that the firm and the employees unequivocally condemn this individual's rogue actions. kpmg is one of the big four accounting firms. the firms do the bulk of the world's blue chip corporations, editing things like prospectuses, every sing the earnings filing you ever see, so the biggest risk is th
it's the second story, which is of course j.c. penney. ron johnson is out, the stock trading near a 12-year low. we are hitting both these stories big and hard throughout the next hour. let es start with story number one. kayla tausche, you've been digging in. >> kpmg first learned last friday a a senior partner had leaked confidentable information to a third party to two clients, her alive and skechers. the source said it was out within 24 hours, the clients notified yesterday. federal...
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Apr 9, 2013
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. >>> j.c. penney out. a big shake-up happening today. >> we talk with the company's ceo about the numbers and the outlook. >> building your nest egg. new strategies to protect your retirement savings. >> all that and more coming up on "nightly business report." >> good evening and welcome to our public television, viewers. a big management shake-up late in the day. >> right after the market closed, the ceo, ron johnson is out after just a year and a half in the job. now mike ullman has been named interim ceo. j.c. penney's sales dropped 25% in johnson's first year at the helm, and then during his tenure the stock tumbled 50%. >> joining us now with more on what happened and what's next for the company, our courtney reagan. >> good evening to you both, tyler and susie. i'm actually standing outside the new york courthouse because earlier today the trial resumed between macy's martha stewart. johnson's turn around plan just hasn't taken hold. sales down precipitously and now it appears that johnson is steppi
. >>> j.c. penney out. a big shake-up happening today. >> we talk with the company's ceo about the numbers and the outlook. >> building your nest egg. new strategies to protect your retirement savings. >> all that and more coming up on "nightly business report." >> good evening and welcome to our public television, viewers. a big management shake-up late in the day. >> right after the market closed, the ceo, ron johnson is out after just a year...
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Apr 5, 2013
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and the board of j.c. penney. i spoke to him a moment ago when it became known that the former ceo took a tour of the new j.c. penney proto type store. he hopes that the new prototype works. that many are counting on it. he described ron johnson during his visit. he has been incredibly critical of as delightful and energetic. he said the shops look good but the customer will decide whether this new thing actually works. we will find out when that first shop is scheduled to open in may. the largest shareholder, has the big long position in j.c. penney was making comments today as well at a conference up in boston and he said the criticism of j.c. penney, and he has been ron johnson's biggest defender and j.c. penney's biggest defender to date. in his words, too much change too quickly without adequate testing and that so far the execution has been -- again, in bill's words, something very close to a disaster. no surprise then that we just found out in the annual report that ron johnson got no bonus. his total pay w
and the board of j.c. penney. i spoke to him a moment ago when it became known that the former ceo took a tour of the new j.c. penney proto type store. he hopes that the new prototype works. that many are counting on it. he described ron johnson during his visit. he has been incredibly critical of as delightful and energetic. he said the shops look good but the customer will decide whether this new thing actually works. we will find out when that first shop is scheduled to open in may. the...
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j.c. penney is in here. c.s.w., designer shoe warehouse and the gap are both slightly to the down side on a day where the dow is higher so here is what they're saying about the designer shoe warehouse, their growth story remains intact. they have a positive rating and they put a $73 price target that shows upside potentially. the gap, jeffries, they continue to view the stock as a top pick. buy rating there. they raised their tarring tote $56, up from $51 so at $36.75, upside potential for that one. j.c. penney, the problem story here of the day and of the last year, we really should elaborate, but they continue to deteriorate further. they have a $15 price target. c.e.o. replacement reflects urge ents situation ard koing to the u.b.s. saying that they even reduce further their estimates. they reiterate the sell rating. they have a $10 price target so $14.10. they're saying sell it because we think it's going to 10 and now there's talk about even j.c. penney putting itself up for sale on wall street so you'r
j.c. penney is in here. c.s.w., designer shoe warehouse and the gap are both slightly to the down side on a day where the dow is higher so here is what they're saying about the designer shoe warehouse, their growth story remains intact. they have a positive rating and they put a $73 price target that shows upside potentially. the gap, jeffries, they continue to view the stock as a top pick. buy rating there. they raised their tarring tote $56, up from $51 so at $36.75, upside potential for that...
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Apr 30, 2013
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penney, goldman sachs buying j.c. penney, buying a lifeline for a retailer. but whose business prospects look for from recovery, todd, does j.c. penney still by regardless? >> you know, george sorros one of his hedge funds has a 7.9% stake, that means that department stores 9s are not de. >> he never shrank that stake? >> he never sold, but there are other hedge funds what have been buying into j.c. penneys over the last quarter as their stock has come down, nordstroms is doing great, as a department store. i think that jcpenney's if they get right manager, if in there and can excuse it well, i think they could have another run for it. you need someone like james cash penny or sta stanley marcus. neil: that is my problem with j.c. penney, i don't know where it standing in retail world, i have walmart, and nordstrom, and saks. >> the last cia could not figure -- ceo could not figure it out either, he tried to make it something it is not it is not hip, that is where all money of thrown, to create a store environment to hang out, a shop within a shop field, the
penney, goldman sachs buying j.c. penney, buying a lifeline for a retailer. but whose business prospects look for from recovery, todd, does j.c. penney still by regardless? >> you know, george sorros one of his hedge funds has a 7.9% stake, that means that department stores 9s are not de. >> he never shrank that stake? >> he never sold, but there are other hedge funds what have been buying into j.c. penneys over the last quarter as their stock has come down, nordstroms is...
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Apr 25, 2013
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i think that j.c. penney and its backers absolutely on a pro j.c. penney road show right now trying to line up financing. afterall this f they're right and they're at the bottom, this is a cheap entry point. >> it is like why are you buying j.c. penney and he lays out the case. he dropped down 15%. >> has a $9 price target now on j.c. penney. >> that's fair. that's fair. >> the s&p 500 merely points away from its record intraday high. >> i don't think any of them are necessarily justified. i also think that it flushed a lot of folks out. i think today's action lends itself to belie t and i think gold will continue to go higher from here. >> one of my partners pointed out. if you look at esi and cliffs, all of these stocks have between 20 and 30%. >> all right. let's move on now to tim. >> with steve say iing we bougha group of mexico and met with a cement company. i met with the biggest cement company. these guys tell me they're seeing demand and they have a mark for their products and that's what a lot of the guys are telling me as well. >> no. no.
i think that j.c. penney and its backers absolutely on a pro j.c. penney road show right now trying to line up financing. afterall this f they're right and they're at the bottom, this is a cheap entry point. >> it is like why are you buying j.c. penney and he lays out the case. he dropped down 15%. >> has a $9 price target now on j.c. penney. >> that's fair. that's fair. >> the s&p 500 merely points away from its record intraday high. >> i don't think any of...
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Apr 12, 2013
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j.c. penney will be allowed to sell non-branded martha designed products. this stands through the end of the trial when we hear the judge's final decision. they will be allowed to sell non-branded martha designed products. >> we know more now about what's going to happen with j.c. penney. out goes johnson. in comes mike oman in the seat. now they will get the advantage that they wanted to sell martha's materials but not the branded version. >> we had two pieces of news that tell us this company is stabilizing. i think he comes in and they have to calm things down. >> you have got these interestk personalities here. probably talked to his book just a bit, shockingly, that the stock is going to be $75 this year. basically to make him whole but he's taking a path in j.c. penney stock. >> ron johnson is a big debate out there. sales plummeted after his no sale comment. the stock plummeted throughout his tenure and yet there are other people who think this guy is just magical when it comes to retail. he basically said i was there watching what johnson did with t
j.c. penney will be allowed to sell non-branded martha designed products. this stands through the end of the trial when we hear the judge's final decision. they will be allowed to sell non-branded martha designed products. >> we know more now about what's going to happen with j.c. penney. out goes johnson. in comes mike oman in the seat. now they will get the advantage that they wanted to sell martha's materials but not the branded version. >> we had two pieces of news that tell us...
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i think it's the j.c. penney was in need and still is in need of a visionary. somebody who can come in and completely change retail, make the department store unrecognizable to itself. just totally overhaul the business because that's what it needs. johnson isn't that guy. we think he's that guy because of what happened at apple with their retail stores but i think it is a major misconception most people share. >> he had a good reputation in apple and apple is a legendary company. did people just misunderstand, just applied apple's success and assumed he had something to do with it when it is just that apple is fantastic? >> i think so. i think what happened was steve jobs very clearly had a vision for retail. he knew what he wanted apple stores to look like from everything from the design to product placement to how they were going to market them and ron johnson to his credit to be fair is a business person. he is a great mba, great manager. he implemented, executed steve jobs' vision. we can't forget about mickey drexler the chairman and ceo of j. crew. he an
i think it's the j.c. penney was in need and still is in need of a visionary. somebody who can come in and completely change retail, make the department store unrecognizable to itself. just totally overhaul the business because that's what it needs. johnson isn't that guy. we think he's that guy because of what happened at apple with their retail stores but i think it is a major misconception most people share. >> he had a good reputation in apple and apple is a legendary company. did...
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j.c. penney, where did it open? tell me. >> so we're seeing j.c. penney to the down side this morning and of course, ron johnson is the one we've been focusing on for the last year or so, right? and the stock has been down over 50% during that time and right now we're seeing the stock around 6 1/2% lower. he's been ousted and shareholders are fed up. and the stock has been tanking and his techniques he came in and suppose today provide value all the time. low prices all the time, didn't work. and finally, enough is enough and everybody basically said, get out. we're done. stuart: thanks so much, nicole, quickly to herbal life. the battle between billionaires to take control. what is-- it's halted, why is that? >> right, we saw halted for news pending so we'll continue to follow that one, but obviously a busy one we've been following. whether it's a ponzi scheme or on it, not on it. we'll follow herbalife, a key name we've been following. stuart: thanks, nicole. dow is up 14 in the early going. and less money coming in at alcoa, and not a bad start
j.c. penney, where did it open? tell me. >> so we're seeing j.c. penney to the down side this morning and of course, ron johnson is the one we've been focusing on for the last year or so, right? and the stock has been down over 50% during that time and right now we're seeing the stock around 6 1/2% lower. he's been ousted and shareholders are fed up. and the stock has been tanking and his techniques he came in and suppose today provide value all the time. low prices all the time, didn't...
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penney. >> j.c. penney has been tough. he has been right on many names. just asking you to counter why the market has pretty much brushed off akman. >> when you really understand what a pyramid scheme is, herbalife has nothing to do with a scheme. it's a legitimate product company as is avon, tupperware. none of them are pyramid schemes. >> only time will tell. the jury is still out. thank you very much for joining us. coming up, the bitcoin controversy. proof this new so-called currency could be the worst idea ever. >> and honey, i shrunk the bank. the nation's largest bank branch operator says bigger is not better. we're going to take you inside wells fargo's radical redesign when we return. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of ne
penney. >> j.c. penney has been tough. he has been right on many names. just asking you to counter why the market has pretty much brushed off akman. >> when you really understand what a pyramid scheme is, herbalife has nothing to do with a scheme. it's a legitimate product company as is avon, tupperware. none of them are pyramid schemes. >> only time will tell. the jury is still out. thank you very much for joining us. coming up, the bitcoin controversy. proof this new...
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Apr 18, 2013
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we're making it. ♪ liz: another j.c. penney's story. an appeals court says they can go through with this mother's day plans. was that? welcomed a decision was made to allow j.c. penney to introduce some by the store designer goods they planned to rollout products under the jaycee p. every day brand, not the martha stewart brand, but they're made by her. they wanted these on store shelves by mother's day. everyone needs the picture. they had already started to sell non branded home goods. tells unseats and pots and pans designed by martha stewart on its website which macy's argued totally violated its exclusive agreement with the brand that it had in advance of j.c. penney's. but after tuesday the mark this tourist -- after today's the martha stewart's products were polled. they ask for restraining order. requested to temporarily block what is on your screen to the right, the acrylic pitcher for $12 everything else. they don't want them selling them on branded goods. less-expensive and made by my the steward. products were pulled from th
we're making it. ♪ liz: another j.c. penney's story. an appeals court says they can go through with this mother's day plans. was that? welcomed a decision was made to allow j.c. penney to introduce some by the store designer goods they planned to rollout products under the jaycee p. every day brand, not the martha stewart brand, but they're made by her. they wanted these on store shelves by mother's day. everyone needs the picture. they had already started to sell non branded home goods....
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Apr 24, 2013
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penney, shares up 12% after former ceo ron johnson was ousted, the new boss is giving j.c. penney a second chance. >> we've seen trends in retail, the last ceo leaving bucked the trend too much. consumers wanted sales and products, they were not getting it what this led to was a lack of buyer and brand confident, when consumers go to the store they want to know what they get, and what to expect, when they don't it caused them to worry about, perhaps that company no longer believes in same things i do. if the consumers feel that store hathere back that means increase sales and stock price. neil: you know not first time a unpopular ceo or embattled ceo has left and the stock soars, i don't think we'll see -- it this for last time. >> they will recycle ceos until j.c. penney has gone the way of woolworths, the problem that derrick said, they had those problems before, that is why the new guy was brought in to do the every day low price walmart thing, but j.c. penney lost its way, why would anyone now go to jc pen over a walmart, a target or if you top anymore upscale, blooming
penney, shares up 12% after former ceo ron johnson was ousted, the new boss is giving j.c. penney a second chance. >> we've seen trends in retail, the last ceo leaving bucked the trend too much. consumers wanted sales and products, they were not getting it what this led to was a lack of buyer and brand confident, when consumers go to the store they want to know what they get, and what to expect, when they don't it caused them to worry about, perhaps that company no longer believes in same...
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Apr 26, 2013
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giant around, like a j.c. penney is a very tough thing to do, especially, look at what wal-mart did in the u.k. offering same day delivery for grocery service and same as french direct does in new york. that's the future. how quick we get there varies depending where we believe and j.c. penney is behind the curve and i don't think they can catch up. >> 2 1/2% annualized growth. >> i think it's what your earlier guest said. it's not that great, comparing how much money has been popped into the economy. we have the largest, as you know very well. and have highlighted very well, we have the largest stimulus in the history of mankind. 40 cents out of every dollar we're bo we're borrowing to put into the economy. and stimulus packages, only at 2 1/2%. this is not terrible, but this is not good and that's all we're getting out of jobs numbers, out of gdp, out of consumer spending and it's just not terrible, but it's not good. we're really in a stagnant environment right now. back to the beach, john and robinsons the
giant around, like a j.c. penney is a very tough thing to do, especially, look at what wal-mart did in the u.k. offering same day delivery for grocery service and same as french direct does in new york. that's the future. how quick we get there varies depending where we believe and j.c. penney is behind the curve and i don't think they can catch up. >> 2 1/2% annualized growth. >> i think it's what your earlier guest said. it's not that great, comparing how much money has been...
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it's possible he could stay, but at this point j.c. penney is using the words interim ceo. it has happened in the past that these interims become permanent, but as with best buy, the new interim ceo did not become the permanent. >> courtney, i think the $1 million question here is, is j.c. penney fixable, no matter who's the ceo? >> i think it is fixable. i think the big question is how and how long it will take. they are in the middle of a very big turnaround plan. they've torn out the guts of the old j.c. penney and they're building a brand-new model. so what do they do now? do they stop? do they do something new? a number of analysts think it is fixable. telling cnbc's scott wopner that he believes it is fixable. i don't know what's going to happen. this is late-breaking news and we're still asking a lot of questions. >> courtney reagan, thanks very much. >> also in the news tonight, a better than expected earnings from alcoa. the aluminum giant is the first dow component to turn in quarterly results. here are the numbers. alcoa earned 11 cents a share. that was 3 cents
it's possible he could stay, but at this point j.c. penney is using the words interim ceo. it has happened in the past that these interims become permanent, but as with best buy, the new interim ceo did not become the permanent. >> courtney, i think the $1 million question here is, is j.c. penney fixable, no matter who's the ceo? >> i think it is fixable. i think the big question is how and how long it will take. they are in the middle of a very big turnaround plan. they've torn out...
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Apr 13, 2013
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courtney reagan reporting on j.c. penney. our market monitor guest said that the pull back is a good thing. so, ann, you are be looking for a 10% pull back. you said you would welcome it. why should investors welcome that? >> it's hard to know how much of a pull back we will get if any at all. i'm hopeful that we will get some. i think the market has gotten ahead of fundmentals right now. so it's the multiple that is increasing but not necessarily the earnings. i think we are headed into the -- into the announcement season and preannouncement season for q1 and if we see too many disappoints -- disappointments that i think it will be selling off. >> is this as good as it gets? investors were hoping for a summer rally? >> i think after a 13% run in one quarter of the first quarter of the year, that is a pretty remarkable return. and i don't think that one most investors expected to get right out of the gate. and so, i would like to see a bu pull back or stability here. and we want more opportunities to invest. >> and yet, you s
courtney reagan reporting on j.c. penney. our market monitor guest said that the pull back is a good thing. so, ann, you are be looking for a 10% pull back. you said you would welcome it. why should investors welcome that? >> it's hard to know how much of a pull back we will get if any at all. i'm hopeful that we will get some. i think the market has gotten ahead of fundmentals right now. so it's the multiple that is increasing but not necessarily the earnings. i think we are headed into...
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Apr 14, 2013
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j.c. penney's first store made a pretty penny from the start. over time he bought out his partners, opened more stores and eventually put his own name on the sign. by offering low prices and fair the sign. by offering low prices and fair value, he became a top retailer while playing down any notion that he was a born salesman. >> i don't believe salesmen are born. i think that's a thing that must be acquired. >> osgood: j.c. penney died in 1971 as the age of 95. but his stores prospered for years. attracting a visit from prince charles and prince diana in 1985. and providing a familiar all american back drop for time travel in the 1985 film "back to the future." the j.c. penney's own road to the future proved a bumpy one.ef who quickly reinvented the company by its founders initials. >> we're here today in the future jcp. >> reporter: on sunday morning in the fall of 2012 johnson showed off a flashy prototype of his store of the future to our anna westerner. >> in the age of the internet you have to do more than be a place to buy. you have to be
j.c. penney's first store made a pretty penny from the start. over time he bought out his partners, opened more stores and eventually put his own name on the sign. by offering low prices and fair the sign. by offering low prices and fair value, he became a top retailer while playing down any notion that he was a born salesman. >> i don't believe salesmen are born. i think that's a thing that must be acquired. >> osgood: j.c. penney died in 1971 as the age of 95. but his stores...
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this is an arrogant man, i want the j.c. penney people and the store to survive. i don't know whether it can. mike ullman at least knows it. maybe he can turn it around. he's a good guy.
this is an arrogant man, i want the j.c. penney people and the store to survive. i don't know whether it can. mike ullman at least knows it. maybe he can turn it around. he's a good guy.
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Apr 26, 2013
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j.c. penney. >> finally some good weather. we have all been waiting a long time. that will do it for today's edition of power lunch. >> street signs begins right now. >> get your game faces on. you are looking at the second annual cnbc stock wrap. google won it all last year. >> is that like me? >> hello and welcome to special edition street signs.ç >> each team drops to one stock per round. all the way from today until the end of the trade. >> just a little reminder if anyone out there was in doubt this is a fantasy portfolio and it's not real. the players are not actually buying these stocks are real money. >> from kkm financial. >> mandy's mavericks. and just the confusion and analytics and they are ready to go. >> the team is great. they have got an esteemed commentator. a mad man mr. eagle cramer. rb. >> now let's find out who is going to get the first pick in the first round and for that we have a very special guest. it is going to be theç judge as well. we need to know. do the coin toss. i do believe it is going to be -- >> the mavericks. come on guys. a
j.c. penney. >> finally some good weather. we have all been waiting a long time. that will do it for today's edition of power lunch. >> street signs begins right now. >> get your game faces on. you are looking at the second annual cnbc stock wrap. google won it all last year. >> is that like me? >> hello and welcome to special edition street signs.ç >> each team drops to one stock per round. all the way from today until the end of the trade. >> just a...
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Apr 9, 2013
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j.c. penney is under pressure. they figured if they bring back this ex ceo this will help and.them. >> you mentioned that he helped shape the apple store. he did help revamp target. he is no dummy when it comes to retail. is it out of the rim? >> i try not to speculate. what i like to see it happen yes. i know someone who used to work under him and his eight era against duke.. might t fit. >> you mention bernanke yesterday. >> ultimately, he stated that the economy is now where he wanted to be. therefore, money people like myself see low-cost and he wants to help mortgages get a more refinanced at lower rates. i say that it is an all systems go. >> rob will join us once again to talk about winner winners and losers next. >> we want to turn out retention to the weather. we are over looking cathedral. here's a look at the day planner. the temperatures are in the 40's and '50's but we're talking about sixties and seventies into the afternoon. it is pretty mild to warm weather for the next 24 hours. here's a look at th
j.c. penney is under pressure. they figured if they bring back this ex ceo this will help and.them. >> you mentioned that he helped shape the apple store. he did help revamp target. he is no dummy when it comes to retail. is it out of the rim? >> i try not to speculate. what i like to see it happen yes. i know someone who used to work under him and his eight era against duke.. might t fit. >> you mention bernanke yesterday. >> ultimately, he stated that the economy is...
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Apr 15, 2013
04/13
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of j.c. penney, it's trying to get back to the way j.c. penney used to be but that system didn't work, either. so this is still a very confusing story for j.c. penney and shoppers and investors. back to you. cheryl: depressing for shareholders might be a better term. thank you very much. dennis: supreme court taking up a factoring case with wild implication for bio tech. can human genes be patented? we're live outside the high court next for the very latest. cheryl: we want to take a look at the world currencies and how they're fairing against the euro. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history. we're making it. how old is e oldest person you've known? we gave people a sticker and had them show us. we learned a l
of j.c. penney, it's trying to get back to the way j.c. penney used to be but that system didn't work, either. so this is still a very confusing story for j.c. penney and shoppers and investors. back to you. cheryl: depressing for shareholders might be a better term. thank you very much. dennis: supreme court taking up a factoring case with wild implication for bio tech. can human genes be patented? we're live outside the high court next for the very latest. cheryl: we want to take a look at...
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Apr 5, 2013
04/13
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j.c. penney shares are higher today. we'll tell you why and what hedge fund manager said that had some scratching their heads. and next the boxer or briefs discussion. and yes, those are your only discussions. yes, commandos. i know who you are. actually no i don't. and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com everyone's retirement dream is different; how we get there is not. we're americans. we work. we plan. ameriprise advisors can help you like they've helped millions of others. to help you retire your way, with confidence. ♪ that's what ameriprise financial does. that's what they can do with you. let's get to work. ameriprise financial. more within reach. >> all right. street talk time. a fast and final solo version before crocodile drurry returns next week. apparently underwear is a jobs market proof. underwear staying hot. hanes brands expect earni
j.c. penney shares are higher today. we'll tell you why and what hedge fund manager said that had some scratching their heads. and next the boxer or briefs discussion. and yes, those are your only discussions. yes, commandos. i know who you are. actually no i don't. and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com everyone's...
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Apr 8, 2013
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ron johnson taking over at ceo of j.c. penney in june of 2011. wow, shares rose 17.5% that day, so much more optimism about what ron johnson of apple was going to do when he came to j.c. penney. he put in that new, no-sale strategy from the get-go,t
ron johnson taking over at ceo of j.c. penney in june of 2011. wow, shares rose 17.5% that day, so much more optimism about what ron johnson of apple was going to do when he came to j.c. penney. he put in that new, no-sale strategy from the get-go,t
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neil: long before he came out, j.c. penney was floundering? i don't know, maybe they -- bottom line, not getting it done. >> you know neil with this is there are several lesson to learn, don't try to over think the retail buyer, just follow what they are doing. we know they like sales, we know they like good deals and quality, set up a model based on those three things, you will ash a track klein you want. two -- you will attract the clients you want. >> you have to know what they are spending money ofor the life of me, i have a hard tiie figuring out what j.c. penney is. >> that is -- >> go ahead. >> one thing they are looking at now how do they have a core brand structure, one thing we learned from consumer is, what with a tight economy people choose price over the quality of product. and if consumers want to do that whwise retailerss will realize f we want to bring in revenue that we may not want to bridge in but buck. >> j.c. penney was not doing that great in first place, i measured itny stock price by stock price performance. it was at 4
neil: long before he came out, j.c. penney was floundering? i don't know, maybe they -- bottom line, not getting it done. >> you know neil with this is there are several lesson to learn, don't try to over think the retail buyer, just follow what they are doing. we know they like sales, we know they like good deals and quality, set up a model based on those three things, you will ash a track klein you want. two -- you will attract the clients you want. >> you have to know what they...
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Apr 10, 2013
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. >> j.c. penney. they just let go of the new ceo what do think besides you do not want to best and herbalife.. >> you do not want to invest. >> j.c. penney is continuing to lose market share and wal-mart is increasing market share. there are so many tickets were ideas to register i've not been in a j.c. penney in the least 20 years. and his recent new ideas did not relate take shape. he was recently let go, the new ceo of j.c. penney. before, he worked for apple. i think that he is trying to reinvent a store within a store. raleigh, j.c. penney started in the 1920's, 1930's. >> he was only the ceo for 17 months. >> checking the traffic. at this hour. first, san jose. the guadeloupe overpass in the headlights are hheading south bound. and traffic not that bad but look at the bay bridge toll plaza! no problems. no backups. the walnut creek interchange 680-24 interchange into the golden gate bridge. a bit sluggish but not that bad. relatively well at this hour. we will be back. ♪ [ a [coustiusc guitar:
. >> j.c. penney. they just let go of the new ceo what do think besides you do not want to best and herbalife.. >> you do not want to invest. >> j.c. penney is continuing to lose market share and wal-mart is increasing market share. there are so many tickets were ideas to register i've not been in a j.c. penney in the least 20 years. and his recent new ideas did not relate take shape. he was recently let go, the new ceo of j.c. penney. before, he worked for apple. i think that...
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Apr 8, 2013
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man wrought to j.c. penney, probably the worst i have ever seen of any company that i have followed. maybe not even just retail. yeah, it was that bad. i'm jim cramer. i will see you tomorrow. >> good arry od evening i'm larry islow, this kudlow, this is "kudlow report." one of the greatest champions of free markets died today, margaret thatcher died. tonight, we will look at her great accomplishments and her collaboration with ronald reagan in the fight for freedom, whether britain and the rest of the world have is forgotten all she fought to give us. there's a big dark cloud on the horizon, how dare team obama cap your retirement funds? how dare they tell us how to live? this is america, that means freedom. the "kudlow report" begins right now. >> up first tonight, the sizzle story, let's remember one of britain's greatest ministers, she stopped socialism in england and promoted free market views. she stopped the british labor unions and she attempted to lower government, and privatized state run compa
man wrought to j.c. penney, probably the worst i have ever seen of any company that i have followed. maybe not even just retail. yeah, it was that bad. i'm jim cramer. i will see you tomorrow. >> good arry od evening i'm larry islow, this kudlow, this is "kudlow report." one of the greatest champions of free markets died today, margaret thatcher died. tonight, we will look at her great accomplishments and her collaboration with ronald reagan in the fight for freedom, whether...
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Apr 23, 2013
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who is running j.c. penney? >> i think the thing that frightened me the most is the infrastructure has been ripped out, so within windower, when i say they'll have that product back by fourth quarter, are there people there to get the product back? my number one concern is the horse is in the stable and are they strong enough? mike is going as fast as he can to get people in place to make all that happen, but he's trying to do it without adding back a whole lot of expense. >> but it's like joe fresh for example, widely touted roll-out. does the new management team get on board with the new products and strategy, or literally do they scrap everything ron johnson did, store within a store, new brand, blah blah blah, and go back to what they had been doing. how do they handle it? >> no way. this is the store that michaels wanted. it has great shops, he wanted a younger customer. he brought in force specifically to get a younger customer, and he wants to keep that younger customer, but he has to bring back the forme
who is running j.c. penney? >> i think the thing that frightened me the most is the infrastructure has been ripped out, so within windower, when i say they'll have that product back by fourth quarter, are there people there to get the product back? my number one concern is the horse is in the stable and are they strong enough? mike is going as fast as he can to get people in place to make all that happen, but he's trying to do it without adding back a whole lot of expense. >> but...
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j.c. penney? >> it's looking-- look how far it's come down. i always marvel, wall street sell to neutral. if you told me to sell how can i go to neutral? i don't have if anymore. stuart: and monica crowley hasn't been in j.c. penney for several days. monica: that's an accurate state. >> we're waiting for him. fox and friends host brian kilmea kilmeade, he agrees with me, college athletes should be paid. he tried to argue that point with former college coach lou holts. are you going to pay everybody exactly the same? >>, but the coach-- >> awn unemployment insurance, disability insurance, that's part of the game of having an injury, that's happened. stuart: and brian kilmeade joins me and he's live on the radio as well. you didn't get your point out because you were aced out, brian. but what do you have in mind for paying college athletes? how much? >> well, as you know, as a pure capitalist, stuart varney, you know the billions that cbs pays the rights to have the tournament we've been showing the past month and the billions they layout for th
j.c. penney? >> it's looking-- look how far it's come down. i always marvel, wall street sell to neutral. if you told me to sell how can i go to neutral? i don't have if anymore. stuart: and monica crowley hasn't been in j.c. penney for several days. monica: that's an accurate state. >> we're waiting for him. fox and friends host brian kilmea kilmeade, he agrees with me, college athletes should be paid. he tried to argue that point with former college coach lou holts. are you going...
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Apr 26, 2013
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j.c. penney. >> finally some good weather. we have all been waiting a long time. that will do it for today's edition of power lunch. >> street signs begins right now. >> get your game faces on. you are looking at the second annual cnbc stock wrap. google won it all last year. >> is that like me? >> hello and welcome to special edition street signs.ç >> each team drops to one stock per round.
j.c. penney. >> finally some good weather. we have all been waiting a long time. that will do it for today's edition of power lunch. >> street signs begins right now. >> get your game faces on. you are looking at the second annual cnbc stock wrap. google won it all last year. >> is that like me? >> hello and welcome to special edition street signs.ç >> each team drops to one stock per round.
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j.c. penney stock has been a disaster. old. martha stewart is 71 years old and i like martha stewart but what is the company going to do after she passes. her daughter has no interest. j.c. penney needs it is to survive is a store in a store is a brilliant concept. but people like to purchase a shirt that is the duty% off. and one which is called a $25. but he is a great ceo but i think that he is the wrong fit for j.c. penney. >> and martha stewart as a long-term brand. >> yes they are fighting it is not going to be breeding forever. >> the other loser is microsoft there is word that they are going to be debuting their own version of cool glass google glasses.. >> by 2018 they will not be relevant in the desktop but the new x box slated for later this month that will be released is possibly going to be successful. n f l is bringing nnew developments. apple-is bringing new developments to the marketplace would even being able to control your television remote control by even just your pinkie. >> and the new x box. away from the
j.c. penney stock has been a disaster. old. martha stewart is 71 years old and i like martha stewart but what is the company going to do after she passes. her daughter has no interest. j.c. penney needs it is to survive is a store in a store is a brilliant concept. but people like to purchase a shirt that is the duty% off. and one which is called a $25. but he is a great ceo but i think that he is the wrong fit for j.c. penney. >> and martha stewart as a long-term brand. >> yes they...
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Apr 29, 2013
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and j.c. penney names matt zames, as the former leaves and he's going to run first data corporation. the dow is up 20 points. we showed you this at the top of the hour, a flyer produced by the u.s. government that advertises stood stamps for illegal immigrants. how do you feel about that? eric bolling is here next. clients are always learning more to make their money do more. (a) to help me plan my next move, i take scottrade's free, in-branch seminars... plustheir live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm really glad that girl stayed at home. vo: expedia helps 30
and j.c. penney names matt zames, as the former leaves and he's going to run first data corporation. the dow is up 20 points. we showed you this at the top of the hour, a flyer produced by the u.s. government that advertises stood stamps for illegal immigrants. how do you feel about that? eric bolling is here next. clients are always learning more to make their money do more. (a) to help me plan my next move, i take scottrade's free, in-branch seminars... plustheir live webinars. i use daily...
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Apr 8, 2013
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>> plus, what is really at stake for j.c. penney? and the battle with martha stewart. and we found the most delicious robbery ever. that's all ahead when "street signs" returns. >> take >> take a look at how some of the media stocks are doing today. 1.7% of bucking the stock trend for that sector. >> here is a disturbing story from our world there are now 5 million zero tv homes. skould cable providers be worried? should we be worried? a neutral rating. it sounds scarry, but is it? >> i don't think it's as scarry as it sounds. i think you should look at netflix and hulu. we're seeing it a bit on the video side. >> mind you, isn't there a silver lining for some table companies that could benefit from the vast shift because they still supply the pipes to get the streaming? >> it's exactly right. for the cable companies, there, you know, the primary revenue is high speed data. there is a way to get back some of the revenue. that is a good story for them. >> there is always going to be people who don't want phones or tv. is this a growing sector or not? the stock has doubl
>> plus, what is really at stake for j.c. penney? and the battle with martha stewart. and we found the most delicious robbery ever. that's all ahead when "street signs" returns. >> take >> take a look at how some of the media stocks are doing today. 1.7% of bucking the stock trend for that sector. >> here is a disturbing story from our world there are now 5 million zero tv homes. skould cable providers be worried? should we be worried? a neutral rating. it...
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Apr 12, 2013
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so let's move on to j.c. penney. it's desperate for cash now, trying to raise a billion dollars. so give me the stock price, please. >> it's interesting, i don't know if you saw the post the other day with ackman and him saying he he's going to hold on to j.c. penney. it's at 14.90, trying to beef it up, and hire blackstone as their advisor and see what happens with it. and he and the other shareholders are prepared to add capital to get this thing up and running, competitive and better company than what it ever was. stuart: ackman said-- >> i added that part in myself. stuart: ackman thinks it's worth $70 a share. come in, charles. they need a billion dollars. and 70 a share? are you buying it. charles: not yet. they've gone through this before and it's a big enough brand and do the right thing and take their time. i think that ron johnson wanted to hit a grand slam right off the bat. you can't change a lumbering giant. stuart: we're close to 15,000, we've opened down 45, stabilized on the down side and not fallen any more in the last few seconds and low selling at the opening b
so let's move on to j.c. penney. it's desperate for cash now, trying to raise a billion dollars. so give me the stock price, please. >> it's interesting, i don't know if you saw the post the other day with ackman and him saying he he's going to hold on to j.c. penney. it's at 14.90, trying to beef it up, and hire blackstone as their advisor and see what happens with it. and he and the other shareholders are prepared to add capital to get this thing up and running, competitive and better...
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Apr 8, 2013
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they have a good ceo but he is the wrong fit for j.c. penney's. >> so you're down on j.c. penney and martha stewart as a long-term play. the other loser you have is microsoft. i guess there is word this morning that they are going to be debuting their own version of google next year? >> i think this is good. they have the r&d budget right now. they the year 2018 they will not be relevant. the new x box will be debuted next month. they need a hat. google will not have any competition with glass. apple is focusing on a new product called in hiring which will be a remote control attached your finger. a kind of tried to be innovative it has been a step backwards. they're using an old business model, wait till someone else introduces and then copy them. >> they're getting away from the big game in council. >> we will see with the new tax bite is. it is $99 vs $500, it will be competitive. there is a lot of competition and pricing is not an area of strength for microsoft right now. >> closing out an e-mail for a viewer, david says i am in my fifties and save 150,000 and ira. sho
they have a good ceo but he is the wrong fit for j.c. penney's. >> so you're down on j.c. penney and martha stewart as a long-term play. the other loser you have is microsoft. i guess there is word this morning that they are going to be debuting their own version of google next year? >> i think this is good. they have the r&d budget right now. they the year 2018 they will not be relevant. the new x box will be debuted next month. they need a hat. google will not have any...
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and macy's and j.c. penney back in court battling over martha stewart products. and trying to avoid a jury trial, no agreement, but the court hearing issues today. coming up making money with charles, and my take on that wonderful lady, the iron lady. >> if you listen to charles' free advice on "varney & company" and his advice, subscribers have to pay for, you would have won big with this one. and he was complaining he never gets to do a victory lap. all right. charles: i don't want to do the victory lap. i want-- i don't like doing the victory lap, but i like other people to give me the victory. stuart: you want respect. cheryl: great job!. stuart: what a guy. charles: really, i love stuff like this because the work works. stuart: when did you recommend lufkin? >> on this show february 18th. stuart: did you see the takeover by ge coming? >> i didn't see a takeover per se, but i knew it was extraordinarily undervalued. stuart: and if someone bought it they had to be in clover. charles: huge, one of the biggest unless they did some other with making money with
and macy's and j.c. penney back in court battling over martha stewart products. and trying to avoid a jury trial, no agreement, but the court hearing issues today. coming up making money with charles, and my take on that wonderful lady, the iron lady. >> if you listen to charles' free advice on "varney & company" and his advice, subscribers have to pay for, you would have won big with this one. and he was complaining he never gets to do a victory lap. all right. charles: i...
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Apr 10, 2013
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now, i want to go to j.c. penney, huge loser yesterday, a 12-year low. any bounce today, nicole? >> oh, yeah, a huge bounce, 1/2 of 1%. >> okay. >> and that's a big move. what's interesting, too, what we're seeing here is that j.c. penney is talking about what ron johnson now stands to lose and we're hearing at least 37 million dollars in salary and fringe benefits and of course, the shareholders probably wish it were more than that, but right now, obviously, ron johnson out and j.c. penney getting a boost and we should note, holy toledo, a new record all-time intraday high on the dow jones industrials, 14,740 at the moment. stuart: yes, let's be clear, that's as high as it's ever been during a trading session, intraday, as they say. 66 points higher, look at it go, 14,740. art laffer is with us. and minutes ago you said we've got a ways to go. and i was going to talk about the market. 16, 17, 18-- give me a number. >> i don't know how to give you a number. i think in the next three years, it will be a very, very good market, next three or four years and it's based on politics as
now, i want to go to j.c. penney, huge loser yesterday, a 12-year low. any bounce today, nicole? >> oh, yeah, a huge bounce, 1/2 of 1%. >> okay. >> and that's a big move. what's interesting, too, what we're seeing here is that j.c. penney is talking about what ron johnson now stands to lose and we're hearing at least 37 million dollars in salary and fringe benefits and of course, the shareholders probably wish it were more than that, but right now, obviously, ron johnson out...
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Apr 23, 2013
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. >> it would not, you have to wonder in case of j.c. penney or other companies that have seen it, does that work out to boot out a ceo get somebody new? a lot of time company seen a big that takes three ceos to get out. not just making one change. neil: all right guys, thank you both very much. in meantime, we know if the feds are right, this guy is an enemy, we know he had moran enough bombs to make him a combatant, why does not that make dzhokhar tsarnaev an enemy combatant. what if i told you, it's actually cheaper not to. to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing conte and go! ♪ win! what's in your wallet? neil: dzhokhar tsarnaev is not going to gitmo. he will be tried in american courts for legal reasons, but what if i told fur for a few financial w
. >> it would not, you have to wonder in case of j.c. penney or other companies that have seen it, does that work out to boot out a ceo get somebody new? a lot of time company seen a big that takes three ceos to get out. not just making one change. neil: all right guys, thank you both very much. in meantime, we know if the feds are right, this guy is an enemy, we know he had moran enough bombs to make him a combatant, why does not that make dzhokhar tsarnaev an enemy combatant. what if i...
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Apr 23, 2013
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>> it would not, you have to wonder in case of j.c. penney or other companies that have seen it, does that work out to boot out a ceo get somebody new? a lot of time company seen a big that takes three ceos to get out. not just making one change. neil: all right guys, thank you both very much. in meantime, we know if the feds are right, this guy is an enemy, we know he had moran enough bombs to make him a combatant, why does not that make dzhokhar tsarnaev an enemy thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. neil: dzhokhar tsarnaev is not going to gitmo. he will be tried in american courts for legal reasons, but what if i told fur for a few financial weeks, for one, our courts are quicker, l
>> it would not, you have to wonder in case of j.c. penney or other companies that have seen it, does that work out to boot out a ceo get somebody new? a lot of time company seen a big that takes three ceos to get out. not just making one change. neil: all right guys, thank you both very much. in meantime, we know if the feds are right, this guy is an enemy, we know he had moran enough bombs to make him a combatant, why does not that make dzhokhar tsarnaev an enemy thank you orville and...
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ron johnson has been fired as j.c. penney ceo. being given the boot after failing to turn around the founder and department store chain. a former executive at apple where his huge success was running the apple stores, but his decision to get rid of coupons for an everyday low-price strategy bond causing the store to flip-flop and reintroduced promotion is just a few weeks ago. replacing johnson effective immediately. he served as ceo of j.c. penney until late 2011. stocks surging more than 10% after hours before changing course in dropping dramatically, now down nearly 7%. coming a little later in the show, a new threat to your identity. while members of violent groups are coming after your money. stay with us. ♪ she knows you likeo one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, at could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily
ron johnson has been fired as j.c. penney ceo. being given the boot after failing to turn around the founder and department store chain. a former executive at apple where his huge success was running the apple stores, but his decision to get rid of coupons for an everyday low-price strategy bond causing the store to flip-flop and reintroduced promotion is just a few weeks ago. replacing johnson effective immediately. he served as ceo of j.c. penney until late 2011. stocks surging more than 10%...